SANASA DEVELOPMENT BANK LIMITED 

                                                         Selected Performance Indicators
                               
                     
                               
        Item     As at 30.03.2007   As at 31.12.2006            
                  (Audited)            
                               
  Regulatory Capital Adequacy                    
                               
    Core Capital ( Tier I Capital ), Rs. Mn   560   558            
    Total Capital Base , Rs. Mn     544   537            
    Risk Weighted assets, Rs. Mn   4,542   3,673            
                               
    Core Capital Adequacy Ratio   12.34%   15.19%            
    ( As a % of Risk weighted assets - Minimum Requirement - 5% )                    
    Total Capital Adequacy Ratio   11.97%   14.62%            
    ( As a % of Risk weighted assets - Minimum Requirement - 10% )                    
                               
  Assets Quality ( Quality of Loan Portfolio )                    
                               
    Gross Non-performing Advances Ratio, ( net of Interest in Suspense )   4.02%   4.34%            
                               
    Net Non-performing Advances Ratio, ( net of Interest in Suspense & Provisions )   2.88%   3.16%            
                               
  Profitability                          
                               
    Interest Margin, %       7.82%   6.49%            
                               
    Return on Assets ( before taxes ), %   3.42%   3.07%            
                               
    Return on Equity, %     30.99%   22.62%            
                               
                               
                               
  Regulatory Liquidity                      
                               
    Statutory Liquid Assets, Rs. Mn   954,495   872            
    Total Deposit Liability, Rs. Mn   4,480,518   4,089            
                               
    Statutory Liquid Ratio, %  ( Minimum Requirement , 20 % )   21.30%   21.33%            
                               
                               
                               

       SANASA DEVELOPMENT BANK LIMITED

      

      Income Statement

        
                               
                      Rs. 000        
                         
                               
         For the 03 months ended    From 01.01.2007 to   From 01.01.2006 to   Change        
              30.03.2007   31.03.2006   %        
                               
  Interest Income         240,644   142,104   69%        
    Interest Income on Loans & Advances   212,123   122,733   73%        
    Interest Income on other Interest earning assets   28,521   19,371   47%        
                               
  Less : Interest Expenses     132,527   79,601   66%        
    Interest Expense on Deposits   116,409   72,354   61%        
    Interest Expense on other interest bearing liabilities   16,118   7,247   122%        
                               
  Net Interest Income       108,117   62,503   73%        
                               
  Non-Interest Income                        
    Other Income       10,460   5,457   92%                                  118,577
                                                          (71,347)
  Less : Non-Interest Expenses     (67,484)   (43,674)   55%                                    47,230
  Personnel Costs                                  (26,281)   (16,361)   61%        
  Provision for Staff retirement Benifits                              (1,771)   (508)   249%        
  Premises, Equipment & Establishment Expenses                              (8,157)   (6,197)   32%        
  Loss on Trading/Investment Securities                                      -     -            
  Amotization of Intangible Assets                                        -     -            
  Other Operating Expenses                              (31,275)   (20,609)   52%               (0.08)  
                               
  Less : Provision for Bad & Doubtful Debts   (3,863)   (1,625)   138%        
    Provision - General     (1,348)   -            
    Provision - Specific     (2,515)   (1,625)   55%        
                               
  Less : Provision for decline in value of Investments   -   -            
  Operating profit on Ordinary Activities before taxes   47,230   22,661   108%        
                               
  Less : Value Added Tax on Financial Services   (7,441)   (5,946)   25%        
  Operating profit on Ordinary Activities before Corporate tax   39,790   16,715   138%        
  Share of Subsidiaries/Assoiate Companies' Profit   -   -            
  Operating profit before Corporate tax   39,790   16,715   138%        
                               
  Less : Tax on Profits on Ordinary Activities   -   -            
  Operating Profit for the period     39,790   16,715   138%        
                               
                               
                               
                               

                             SANASA DEVELOPMENT BANK LIMITED

        
         

                 Summarized Balance Sheet

       Rs. 000        
                               
              As at 31.03.2007   As at 31.12.2006   Change        
        Item         (Audited)   %        
                               
  On Balance Sheet Assets                      
                               
  Cash in Hand         29,866   24,599   21%     0 24599
  Balances with Central Bank of Sri Lanka   -   -         0 0
  Due from Banks and other Financial Institutions   405,197   437,060   -7%     0 437060
                            0 0
  Investments - Trading Account     110,589   106,979   3%     0 106979
    Government securities     50,131   50,261   0%     0 50261
    Other Securities       68,918   65,178   6%     0 65178
  Less : Provision for decline in Value of investments   (8,460)   (8,460)   0%     0 -8460
                            0 0
  Investments - Held-to-Maturity (Net of Provisions for decline in Value of investments )   589,058   550,476   7%     0 550476
    Government securities     442,463   400,967   10%     0 400967
    Other Securities       146,595   149,509   -2%     0 149509
  Less : Provision for decline in Value of investments                 0 0
  Investments in Associates & Subsidiaries                 0 0
                            0 0
  Total Loans & Advances                   0 0
  Total Performing Loans & Advances                         4,682,874   4,231,537   11%     0 4231537
    Bills of Exchange        -    -            
    Overdrafts          -    -         ROUND OFF LINK
    Lease Rental Recievable                              881,339   768,604   15%     0.63  
    Other Loans                               3,801,535   3,462,933   10%     0 3462933
  Total Non-Performing Loans & Advances   274,814   269,430   2%     0 269430
    Bills of Exchange       -   -         0 0
    Overdrafts         -   -         0 0
    Lease Rental Recievable     24,147   23,695   2%     0 23695
    Other Loans         172,061   168,207   2%     0 168207
    Interest Receivables     78,606   77,528   1%     0 77528
  Total Gross Loans & Advances     4,957,688   4,500,967   10%     0 4500967